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BYTES UNIVERSAL SYSTEMS & VOLANTE SADC ENABLER BROCHURE

BYTES UNIVERSAL SYSTEMS IN PARTNERSHIP WITH VOLANTE TECHNOLOGIESBytes Universal Systems, in partnership with Volante Technologies, has created a SADC Conversion solution that incorporates a set of software and services that enables any organization in the region to convert theirexisting back office into a SADC compliant processing environment. The tools and accompanying components within the SADC Conversion Pack will reduce the time and effort it takes to create, test, androllout the sending, receiving, and processing of the new ISO 20022 XML based payment messages.

The pack contains pre-built validations, mappings, and process flows that combine with the Volante Designer to deliver ease of integration with flexibility of configuration. Backed-up by a comprehensive set of implementation and support services from Bytes, the SADC Conversion Pack provides a one stop shop for a low risk, rapid enablement of your organisation.

SADC Enabler Framework Value proposition The Bytes SADC Payments Conversion pack provides the tools and services required by an IT department to enable their current environment to support the generation, validation, and process flows of the new SADC ISO 20022 XML based messaging service.

The pack will insulate a bank’s internal systems from the changes mandated by this new external payment mechanism, delivering quick and efficient enablement of the internal systems as well as the flexibility to configure message contents, processing flows, and exception management in line with the specific needs of the processing organisation.

Quick time to market - Pre-built components including conversions, powerful integration facilities, testing packs, automated documentation.Low risk - Proven ISO 20022 XML payment processing software used by the largest banks and payment processors in the world.Flexibility - Ability to configure specific validations, enrichments, conversions, message flows.Low TCO - Bank controlled and managed development and deployment where changes can be applied without recourse to supplier, and software runs within existing environment.High ROI - Ability to leverage Volante platform for future ISO 20022 based messaging projects and beyond.

SADC PAYMENTS INITIATIVEThe dawn of a new era for harmonized payment infrastructures in southern Africa is upon us. SIRESS, the single, cross border RTGS was the first of the Southern African Development Community’s (SADC) payment services to go live. This has now been quickly followed by the rollout of the SADC cross border, lowvalue payment service.

Whilst SIRESS is run as a single, centralized settlement system by the South African Reserve Bank (SARB), SADC low value transactions can be processed by any compliant Central Settlement Organisation (CSO). These CSOs must provide their SADC payment clearing services in line with the published standards, and unlike SIRESS, which is based mainly on SWIFT MT message standards, the new SADC low value payment standards are based on the exchange and processing of ISO 20022 XML messages.

Consequently, any financial organisation that seeks to offer support for the new service must implement SADC specific ISO 20022 XML based message processing, maintaining this service in line with the transaction flows, validations, and delivery protocols demanded by the new regional payment mechanism.

The SADC rulebooks provide detailed breakdowns of the message formats, their required contents, the specificvalidations, the recommended processing, plus the exception flows produced by the new service. At the heart of the processing is the generation and exchange of 7 XML based ISO 20022 messages.

All flows are based on the use of these messages:

ISO 20022 MESSAGE DESCRIPTIONpacs.002.001.03 Payment Status Reportpacs.004.001.02 Payment Return

pacs.008.001.02 FI To FI Customer Credit Transfer

camt.026.001.03 Unable to Applycamt.027.001.03 Claim non-receiptcamt.029.001.03 Resolution of investigationcamt.056.001.01 Payment cancellation request

Each message has a defined role to play, with some performing more than one role depending on the status of the transaction. There are no less than 13 defined exception flows that can occur, and it is up to each financial institution to orchestrate these exceptions according to the specific needs of their environment, whilst supporting the key events defined within the published rulebooks.

CONVERTING YOUR ENVIRONMENT: THE COMMON CHALLENGESEach implementation of SADC payments will face various business and technical challenges. Whether it is the specific service that the business wants to offer the market, or the particular systems and technology environment that needs to be enhanced, the business and IT groups within the bank will have to define a solution to meet their needs. However, there is a set of common challenges that all organisations must address, and these can be broadly grouped into the three ‘C’s:

CONVERSIONThe transformation of existing data to new formats with the possible need for further enrichment where data has to be sourced from additional systems. For incoming messages the data will need to be converted into formats that can be consumed by existing systems and reconciled with any relevant transaction.

COMPLIANCEThe data and formats of all messages sent must adhere to the published SADC rules. Validations must be applied in the back office and exceptions identified and managed appropriately and efficiently.

CONFIGURATIONEvery back office is different, every operations group has specific needs and processing guidelines, usingdifferent environments, set-ups and infrastructures. Consequently, the solution must be configurable,flexible and provide the agility to apply the necessary processes to the specific environment in question.

Of course, in addition to addressing the common challenges of the three ‘C’s, each organization must also cope with the constant pressure to deliver a quick time to market for the new service whilst also managing build and delivery costs.

THE SOLUTION: SADC PAYMENTS CONVERSION PACKBytes SADC payments solution provides a range of software components from Volante Technologies that enables any bank to convert their back office to a SADC payments processing environment.

Volante’s development and processing platform for financial messages provides all SADC rules and message components in pre-built cartridges that can be configured to deliver service compliance quickly and efficiently.The pack contains the following components

SADC MESSAGE RULESSADC Message Library - All ISO 20022 XML formats specific for SADC.SADC Message Validations - All relevant standard ISO 20022 validations plus the SADC specific extensions to the global standard.SADC Exception Flows - Pre-built message flows in line with best practices as defined in the rule books.

SWIFT MT MESSAGE CONVERSIONSCurrently many institutions will be sending cross border payments via SWIFT MT messages. The Volante Enabler framework is delivered with pre-built mappings to and from the relevant SWIFT MT and SADC XMLmessages, which are: MT101 to SADC PAIN.001 conversion MT103 to SADC PACS.008 conversion SADC PAIN.001 to MT101 conversion SADC PACS.008 to MT103 conversion

VOLANTE DEVELOPMENT & DEPLOYMENTVolante Designer - Message definition, validation configuration, mapping, enrichment and message flow definition.Volante Persistence Designer - Design and create data persistence if required. Ordinarily used for exception processing set up.Volante Webforms - Automated generation of user screens for message capture and dashboard tracking.Volante Test Simulator - Desktop testing of defined models including creation of test data.Volante Publisher - Automated creation of documentation including the detailed description of the implementation defined within Volante.Volante Run Time Code Generator - Offering choices in deployment environments to fit seamlessly with the target technical environment.

Processing

BytesSADC

ConversionPack

LocalPayments

Core

InternationalPayments

Proprietary FormatsSWIFT MTLocal

Remittances

Other

ISO 20022 SADC

The above software components provide a financial institution with a comprehensive set of tools and pre-built components to apply and configure the SADC compliant payment processingto their existing back office systems.

IMPLEMENTATION AND TESTING SERVICESIn addition to a comprehensive set of software components, Bytes Universal Systems and Volante have created a powerful set of implementation services to support the successful rollout of the SADC solution within an organisation. From the initial project definition, to design of the solution and building of the models, testing etc., Bytes is available to provide local support to each bank and offer the required expertise to complete a successful project.

Standardised implementation service offerings are available which can be tailored to suit the specific needs of the institution. Some organizations will seek to take on the majority of the

implementation work with in-house resources and so training and support consultancy will be the essence of the services package. Other organizations may seek to outsource the project work to Bytes who can support all aspects of the design, build and deployment activities required.

The services on offer include:• Training• Requirements gathering• Design• Build• Testing• Deployment• Go live• Support

Volante is dedicated to enabling clients navigate and manage the diverse, complex and constantly growing range of message formats, standards and technology challenges

encountered throughout the lifecycle of any financial transaction.

SCREENS

All SADC Specific Messages - out of the box

SADC Specific Validations (for pacs.008 messages) - Maybe expand NVRs to ‘Network Validation Rules (NVRs)

SADC Specific Validations (for pacs.008 messages) - Field Level

MIG (Message Implementation Guide)

MT MX Mapping

MT MX Message Flow

ABOUT BYTES UNIVERSAL SYSTEMSBytes Universal Systems is a leading IT company and a principal subordinate of Bytes Technology Group, a subsidiary of the JSE-listed, Altron Group. We operate mainly within South Africa with operations in several other African countries and the United Kingdom.

Allied Technologies Limited (Altech), together with Bytes Technology Group form part of Altron TMT, the Telecommunications, Multi-media and Information Technology (TMT) organization of Altron, the parent holding company. Altron TMT is a high- technology Telecommunications, Multi-media and Information Technology (TMT) solutions group focused on providing value-added products, services and solutions through the convergence of TMT, driven by market demand. As a part of Altron TMT, Bytes Universal Systems offers a selection of services that support Information Technology in a wide range of different industries.

Bytes Universal Systems is the exclusive distributor of Volante in South Africa, with a long and successful history in data integration and message-based services in the financial sector.

ABOUT VOLANTE TECHNOLOGIESFounded in 2001, Volante Technologies is a global leader in the provision of software for the integration, validation and processing of financial messages and data. Volante is dedicated to helping firms manage challenges in this domain with greater ease so that they can focus on the business of being competitive in their marketplace. Volante serves a growing client base of over 80 financial institutions and corporate enterprises operating in 26 countries around the world, including several of the largest global financial organisations. Many of Volante’s clients have several product implementations to help with tasks ranging from message integration through to the processing of transaction data. Volante delivers and maintains a broad library of pre-built plug-ins covering over 70 international and domestic standards such as SWIFT MT and MX, FIX, FpML, EDIFACT, ISO 20022, and SEPA, as well as proprietary formats based on XML, CSV and Fixed Width.

Supported by offices in Jersey City, London, Dubai, Mexico City, Hyderabad and Chennai, Volante solutions are employed by an extremely diverse set of organizations, including buy-side and sell-side capital market institutions, banks (Universal, Commercial and Retail), corporate treasuries, financial industry utilities, clearing houses, exchanges, systems integrators and application vendors. By working with a global and diverse client base Volante is able to encapsulate a best practice approach into all its product lines.

For more information, visit www.volantetech.com